J&K Bank Inks MoU With NIT Srinagar

SRINAGAR — Strengthening further its long-standing association with National Institute of Technology (NIT) Srinagar, J&K Bank under its Corporate Social Responsibility (CSR) program today commissioned a water treatment plant at NIT Hazratbal. The bank also donated 60 Uninterrupted Power Supply (UPS) units for computers donated by NIT to five government schools, thus contributing to computer literacy in the state.

Chairman and CEO Parvez Ahmed and Director NIT Dr Rakesh Sehgal jointly commissioned the treatment plant besides inaugurating the refurbished premises of the bank’s model Business Unit within the campus along with two Automated Teller Machines (ATM) in the presence of Registrar NIT Dr S K Bukhari and the bank’s Executive President R K Chhibber.

Speaking on the occasion, Chairman and CEO Parvez Ahmed said, “As two prestigious institutions, both J&K Bank and NIT-the erstwhile Regional Engineering College- have been playing significant role in shaping the financial, technical and technological landscape of Jammu and Kashmir for quite a long time now”, adding “NIT has produced the best technocrats to build the infrastructure in the state and country.

Urging upon the Director and faculty to develop an ecosystem of Industry-academia partnership for integrating the education with the skills, the Chairman said, “A lot of brainstorming needs to be done on issues like Integrating Education with skills in almost all the sectors like Software, manufacturing, services etc. and for that I would like to request the NIT Director and Team to show the way by collaborating with the major industries of the country in all the sectors and we at JK Bank will be more than willing to collaborate financially and logistically as it will also help us in clearing the perception about our state.”

Expressing the need to promote startup culture in the state, he said, “We should collaborate and develop a startup culture in the institution so that we are not left behind in the emerging paradigm of value creation by the new generation startups. We are looking forward to student and faculty of NIT Srinagar giving customized solutions to the problems we are facing on day to day basis. On the one hand whole world and leading companies are benefitting from the new revolutionary fields of Artificial Intelligence, Blockchain, Cloud, Data Analytics which are the tectonic movements that are reshaping the world today and to get the most out of them   let us also see some students and faculty members to introduce the same as an intervention for upgradation of Fintech in our state as a pilot which can be scaled up and implemented in financial institutions like the JK Bank.”


On the occasion, the Chairman also announced the donation of Ambulance to NIT for student welfare besides promising to institute J&K Bank Gold Medal for recognizing the Achievers of NIT Srinagar in the near future.


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